Pursuant to Charter Sect. 204, the CSON is prepared in accordance with the criteria established pursuant to section 203, including 1) the location of new city facilities and (2) significant change in size or capacity, with fair distribution of burdens and benefits
This report presents statistical information for tax year 2005 for the three New York City
business income taxes: the Banking Corporation Tax (BCT), the General Corporation Tax
(GCT), and the Unincorporated Business Tax (UBT).
New York City provides a variety of programs to further social and economic objectives by mean of targeted tax incentives or benefits which reduce tax liabilities, otherwise referred to as Tax Expenditures.